Re: [Quickfix-developers] Order Types/ FIX Codes

[Caleb E. <cal...@gm...>]

On 10/5/05, Shankar Krishnan <skr...@jw...> wrote:
>
>  What is the normal method used to generate ClOrdID, is using the random
> number gen valid or should I use something
> More robust.
>
Most exchanges and sell-side systems expect every ClOrdID to be unique for =
a
given session and will reject or ignore duplicates. Using a random number
generator isn't a very good idea unless you can be sure it doesn't repeat.
Most systems use either a simple increasing sequence number or something
like the NYSE DOT system's branch code + sequence number convention (AAA
0001, AAA 0002, ... ZZZ 9999).

--
Caleb Epstein
caleb dot epstein at gmail dot com